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Value of Octopus Energy triples to £3 billion as new investor acquires 7 per cent interest

Origin Energy Limited (Origin) advises that Octopus Energy Group Limited (Octopus) will continue its rapid expansion, with a fund managed by leading sustainable investor Generation Investment Management (GIM) to invest £211 million to acquire approximately 7 per cent of the company. GIM’s investment values Octopus at approximately £3 billion (A$5.5 billion).

Strong interest in batteries and EVs but take-up rate slow

Interest in home batteries and other low carbon energy technology has grown strongly over the past 12 months, but Australians are putting off purchasing because more than 70 per cent believe the technologies are too expensive, Origin’s 2021 Future Energy Report has found.

Positive results in Beetaloo Basin well testing

Positive results from extended production testing at the Amungee NW-1 well in the Northern Territory’s Beetaloo Basin have increased Origin’s understanding of the Velkerri dry gas play.

Withdrawal of Resolution Requisitioned by Shareholders

In accordance with ASX Listing Rule 3.17A.2, Origin Energy Limited (Origin) gives notice that Resolution 5 referred to in the notification provided to the ASX on 17 August 2021 has been withdrawn by the same group of shareholders who requisitioned it.

Resolutions for consideration at Origin’s Annual General Meeting

In accordance with ASX Listing Rule 3.17A, Origin Energy Limited (Origin) gives notice that resolutions have been received under section 249N of the Corporations Act from two groups of shareholders for consideration at the Company’s Annual General Meeting, to be held on Wednesday, 20 October 2021.

Beetaloo Exploration Project

Origin, as Operator of the Beetaloo Exploration Project, has confirmed that the Velkerri 76 S2-1 well (EP76) has been successfully spudded.

Origin and Mitsui O.S.K. Lines to collaborate on green ammonia

Origin Energy (Origin) and major global shipping company, Mitsui O.S.K. Lines Ltd. (MOL) will jointly investigate opportunities to develop the supply chain to support export-scale green ammonia in Australia under a new Memorandum of Understanding.

2021 Annual General Meeting Date

Origin Energy Limited advises in accordance with Listing Rule 3.13.1 that its Annual General Meeting will be held at 10:00am AEDT on Wednesday, 20 October 2021.